Bank of America in North Carolina vs the state
28.2%Denial rate+10.14 pts vs state
36.9%Decision denial rate+14.08 pts vs state
47.5%Origination rate-10.32 pts vs state
6.24%Median rate-0.26 pts vs state
0.58Rate spread (pts)+0.49 pts vs state
$116kMedian applicant income
4,880Loans originated
2,898Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 11,777 | 5,150 | 40.2% | 6.99% | #5 |
| 2024 | 10,448 | 4,872 | 29.9% | 6.99% | #9 |
| 2025 | 10,276 | 4,880 | 28.2% | 6.24% | #9 |
What Bank of America lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Mecklenburg County | 2,582 | 1,418 | 601 | 23.3% |
| Wake County | 1,301 | 625 | 331 | 25.4% |
| Union County | 626 | 318 | 167 | 26.7% |
| Guilford County | 457 | 186 | 159 | 34.8% |
| Cabarrus County | 347 | 167 | 100 | 28.8% |
| Gaston County | 340 | 158 | 106 | 31.2% |
| Iredell County | 330 | 185 | 78 | 23.6% |
| New Hanover County | 292 | 115 | 84 | 28.8% |
| Brunswick County | 286 | 146 | 74 | 25.9% |
| Durham County | 266 | 136 | 69 | 25.9% |
Other large lenders in North Carolina
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| State Employees' | C | 47,893 | 25.2% | 6.25% |
| Rocket Mortgage | C | 25,109 | 16.0% | 6.63% |
| United Shore Financial Services | B | 18,884 | 11.4% | 6.13% |
| Vanderbilt Mortgage and Finance | F | 15,008 | 38.0% | 7.75% |
| Truist Bank | C | 14,364 | 30.3% | 6.50% |
| Movement Mortgage | A | 11,091 | 2.6% | 6.63% |
| Navy Federal Credit Union | D | 10,565 | 19.4% | 7.13% |
| First-Citizens Bank & Trust | B | 10,319 | 19.6% | 6.38% |
| Mortgage Research Center | C | 10,029 | 17.7% | 6.25% |
| Freedom Mortgage | B | 9,632 | 7.1% | 6.13% |
Frequently asked questions
North Carolina: 10,276 applications in 2025, of which 4,880 were originated and 2,898 denied.
28.2% of all applications, or 36.9% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Bank of America originated in North Carolina in 2025 was 6.24%, against a statewide median of 6.50%.
About this data. Figures are Bank of America's own HMDA filing for properties located in North Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology